What happen 29 Jan 2026? Why everything was down

NASDAQ DOWN, BTC DOWN, COMMODITIES DOWN, FOREX DOWN, SOME OF THE STOCK THAT HAVE THE HIGHEST MARKET CAP WAS DOWN MORE THAN 10%....

Reason from my personal view:

Higher yields → market pricing in higher inflation / rates for longer → borrowing gets more expensive, liquidity tightens → future earnings get discounted harder → growth stocks (especially Nasdaq) feel it first → risk appetite drops → gold struggles as real yields + USD rise → broader risk assets soften while the dollar strengthens

----End Of Story----

CORRECT ME IF IM WRONG